I used to live in the city and the taxes and water bills are nightmares.

If you need more guidance, feel free to DM me, and I’ll help point you in the right direction!

Britt,My firm has evaluated some smaller properties (under $500k) in the past for cost segregation, and it generally does not cost justify moving forward, since the benefits are small, and typically the tax liability on the income is minimal if any.

This allows you to report the rental income and expenses directly on Schedule E of your joint tax return, simplifying your tax filing process.

Feel free to ask any questions you may have regarding Freddie Mac and Fannie Mae multifamily financing in the comments - or DM me directly. 

@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax  strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.

If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.

Most Florida markets will share some dynamics though like taxes and insurance. 

The Annual Owner Statement should break down all the expenses that the owner's tax professional then figures out how to deduct and on what tax schedule.So that way the owner can expense everything throughout the year?   

Prices will certainly vary between different tax firms.